Off The Wires

NUM had “in depth” talks with DMR on mining charter

THE National Union of Mineworkers had "in depth stakeholder engagement" with South Africa's Department of Mineral Resources (DMR) regarding the impending mining charter redraft,...

Molefe pleads innocence in Parliament as coal deals sent to SIU

COAL supply deals signed by Eskom more than 10 years ago would be referred to a special investigating unit, said Businesslive citing the comments...

SA cabinet approves mining charter ahead of gazetting: report

THE South African cabinet approved the draft mining charter on Wednesday (May 24) which is said to include a requirement for a minimum 30%...

Zwane sets new deadline on “revolutionary” mining charter

SOUTH African mines minister, Mosebenzi Zwane, has set a new deadline for a redraft of the mining charter which he is quoted to have...

Former SA mines minister asked by Eskom to blackmail Glencore

BRIAN Molefe, the returning CEO of Eskom and the power utility's chairman, Ben Ngubane, allegedly pressed former mines minister, Ngoako Ramatlhodi, into blackmailing Glencore,...

BHP name change not intended as riposte to Elliott Group

BHP Billiton has unveiled plans to rebrand itself by dropping the Billiton from its name, a shift that highlights the mining group's Australian roots. The...

First Quantum asks Zambia attorney-general to quash charges

FIRST Quantum Minerals, a Toronto-listed company that mines copper in Zambia, has written to the southern African country's attorney-general in an effort to block...

Iron ore under pressure as port inventories grow in China

PRESSURE in the iron ore market grew as a brief revival was promptly snuffed out as speculators sold futures amid concern at record inventories...

Rio Tinto not admitted corruption in Guinea, Mozambique

RIO Tinto had not admitted it was guilty of corruption in respect of investigations currently underway into its past dealings in Guinea and Mozambique. "I...

Agarwal a passive investor in Anglo, doesn’t want board seat

ANIL Agarwal, chairman of Vedanta, was not interested in being an activist shareholder in Anglo American, nor in becoming its chairman by replacing the...